Despite the hype, innovation isn’t getting any faster. Here’s why
Today it’s become an article of faith that everything moves faster . Business pundits tell us that we’re living in a VUCA world (Volatile, Uncertain, Complex and Ambiguous). These are taken as basic truths that are beyond questioning or reproach. Yet are things actually moving any faster than in earlier eras? The evidence is surprisingly scarce. Certainly productivity isn’t growing any faster.…
Despite widespread belief that the world moves at a breakneck pace, innovation isn't accelerating any faster. Several factors contribute to this phenomenon, including the lengthy journey from breakthrough to practical application, inadequate complementary technologies, and a productivity paradox that has perplexed economists for decades.
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